RBA & home Loan Interest rate update - July 2018 Blog article

03 July 2018

As expected, the Reserve Bank of Australia (RBA) decided to leave the official cash rate on hold at 1.5 per cent today.

To review your home loan please contact us on 03 9686 4976 or choice@choicecapital.com.au

The RBA has not moved on rates since August 2016, with the objective of stimulating inflation, employment and wage growth through stability. However, before we get too comfortable, I thought I'd share the short video below explaining what's ahead for homeowners and investors...

There is a common misconception that your borrowing capability is related solely to your income, however most people’s outgoings quickly follow their increasing pay-packets. In a time where many people’s lifestyles revolve around instant gratification, lenders are now taking a more responsible approach to lending and investigate genuine spending habits as well as factoring in possible future interest rate rises.

It’s been a big 12 months for Australian economics, the Government and the Reserve Bank of Australia (RBA). Australian growth forecasts are continually being revised downwards, and this looks like it will continue as things are not improving.

Do you lie awake at night worrying about how your super or other investments are performing? Or are you comfortable with short-term volatility in order to pursue long-term growth? Learn how well-diversified portfolios are constructed based on your appetite to risk in our infographic.

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